EV Production Scaling and Financial Overview

Q3 Balance Sheet and Cash Flow ($ Millions) Cash Debt Liquidity 1 Operating Cash Flow Adj. Free Cash Flow 2 Trade Working Capital* FY2023 FY2022 B/(W) $50.5 $26.5 $24.0 $(134.9) $(213.6) $78.7 $134.2 $60.2 $74.0 $39.4 $(43.0) $82.4 $42.8 $(40.2) $83.0 $2.0 $(45.5) $47.5 Strong Free Cash-Flow for FY23-Q3, driven by Operating Cash Flow and return to profitability BLUE BIRD * Inventories, accounts receivable and accounts payable 1Minimum liquidity covenant for FY23-Q3 of $30M 2See appendix for additional detail regarding non-GAAP measures 30

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